What is the safest bitcoin wallet to use? - ProProfs Discuss
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What is the safest bitcoin wallet to use?

What is the safest bitcoin wallet to use?

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Asked by H.Donna, Last updated: Jul 20, 2020

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3 Answers

lizamatthewindia

Lizamatthewindia

Answered Feb 20, 2020

There is a number of Bitcoin wallet available in the market. You can choose the one as per your needs, Although cold wallets or hardware wallets considered much secure, the problem is you can't carry them always. To do the Bitcoin transaction and trading with other cryptocurrencies Hot wallets or mobile application wallets are best.

I would recommend you to choose Rupeso - one of the best and safest Bitcoin wallet which is non-custodial in nature and having the following features:

  • Being a noncustodial wallet your information is safe and only you have access to your private keys.
  • lowest transaction fee.
  • Multi cryptocurrency support.
  • In-platform swap which means Rupeso do not use any third-party crypto exchange that keeps your information secure.
  • Faster transaction.
  • No hidden charges.
  • Rupeso is one of the most trusted wallets. If you really wish to keep your Bitcoin or another cryptocurrency safe you must choose it.
 

K. Keturah

K. Keturah

Answered Oct 21, 2019

There are different kinds of bitcoin wallets where your bitcoins can be stored. But, since you can have your bitcoins stolen if not properly stored in a safe wallet, there arises the need to know the safest bitcoin wallet where your bitcoins can be stored with maximum security. As far as I know, Coinbase is still the safest of them all. With Coinbase, your bitcoins are safe. It is a digital wallet and can also be used for other things.

Coinbase gives you the chance to transfer, sell, and buy crypto coins at a super and faster rate without charging you. To further speak of how reliable coinbase is, it gives you total insurance for your bitcoins, as well as other cryptocurrencies like there. If you have a US bank account, you can easily connect with your bitcoin wallet and make some dollars in or out of your account through Coinbase. Other bitcoin wallets are; Trezor, Jaxx, Electrum, etc.

 

h. George

Government employee and a part-time content writer.

H. George, Copywriter, MA in English, California

Answered Feb 26, 2018

It is not easy to answer the question of which bitcoin wallet is the safest. If you were to ask Google that question, as I did, you would find so many different answers, it would make your head spin. I suppose that is why someone asked ProProfs to answer the question. The best answer I can provide here is that there are maybe 4-6 wallets that seem to be leading the pack and they depend on what kind of medium or device a user wants.

For example, there are web based wallets, online exchanges such as wallets like Coinbase, software wallets like Electrum, hardware wallets such as Ledger or Trezor, and paper wallets or other cold storage solutions. You will need to do the research to decide which wallet is right for you. Keep in mind that the only wallet that keeps your information stored in an offline environment is a cold storage solution.

 

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